One item on their to-do list this summer is to get Luka Doncic, the new face of the franchise, to sign some sort of long-term contract extension. He can opt out of his current contract next summer, and he can officially agree to an extension starting on Aug. 2 of this year.

The chairman of Los Angeles' original Major League Baseball team is reportedly in agreement to take over the city's NBA entry as well, and Johnson threw his support behind the landmark sale.

Los Angeles Lakers legend Magic Johnson has expressed enthusiasm over the reported $10 billion sale of the franchise to Mark Walter, a deal that marks the largest sports franchise transaction in history.